The Federal Reserve: Masters Of The Universe Or Trapped Incompetents?

[Serpo]

The Federal Reserve: Masters Of The Universe Or Trapped Incompetents? (http://www.zerohedge.com/news/2014-03-21/federal-reserve-masters-universe-or-trapped-incompetents)Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 03/21/2014 - 11:13 http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/03/20140321%2BCHS_0.pngFor a variety of reasons, the Federal Reserve is viewed by many as the financial Master of the Universe. Given how the media hangs on every pronouncement and the visible power of the Fed's policies to move markets, this view is understandable. But suppose rather than being masters of all things financial, the Fed was actually little more than a collection of incompetents trapped in a broken system that is beyond repair. Rather than Masters of the Universe, the Fed's governors are increasingly looking more like deer caught in the headlights of a transformation they cannot understand, much less control.

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